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from the that's-$5-billion-plus-one-Jeff-Bezos dept.
Broadcom Raises Hostile Bid for Qualcomm to About $121 Billion
Broadcom Ltd. has raised its bid for Qualcomm Inc. to about $121 billion, in an attempt to force what could be the largest-ever technology deal.
The new offer of $82 a Qualcomm share will be Broadcom's final offer, according to a statement Monday. The deal would take the form of $60 in cash and the remainder in Broadcom shares.
Qualcomm's board previously rejected Broadcom's original $105 billion acquisition, and has since dug in against the threat of a takeover, with Chief Executive Officer Steve Mollenkopf dismissing the bid as not being worth consideration.
Broadcom also plans to offer Qualcomm a higher-than-usual breakup fee in the event regulators thwart the deal, according to the sources. Typically, such break-up fees equate to approximately 3 percent to 4 percent of a deal's size.
Previously: Broadcom Offers $105 Billion for Qualcomm; Moves HQ Back to the USA
(Score: 2) by bob_super on Tuesday February 06 2018, @02:11AM
"Quala, I want you to be mine!"
"But Broady, I'm not sure, You just wave money around. I'm not that kind of woman."
"You are right, Quala. Money is no object for you. I just got a tax cut, have another 16 billion!"
"Oh Broady ... You're so appealing right now!!!"
Will she? Won't she? Will Aplo step in and ruin their romance with talks of patents and his own big checkbook? What will Gloo think, after his engagement to HecTiC?
Tune in next week, for a new episode of "My merger's bigger than yours", the Silicon Soap that keeps thousand on the edge of their ejector seat!